NewEnergyNews: HOMEOWNERS WANT NEWLY AFFORDABLE SUN/

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

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YESTERDAY

THINGS-TO-THINK-ABOUT WEDNESDAY, August 23:

  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And The New Energy Boom
  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And the EV Revolution
  • THE DAY BEFORE

  • Weekend Video: Coming Ocean Current Collapse Could Up Climate Crisis
  • Weekend Video: Impacts Of The Atlantic Meridional Overturning Current Collapse
  • Weekend Video: More Facts On The AMOC
  • THE DAY BEFORE THE DAY BEFORE

    WEEKEND VIDEOS, July 15-16:

  • Weekend Video: The Truth About China And The Climate Crisis
  • Weekend Video: Florida Insurance At The Climate Crisis Storm’s Eye
  • Weekend Video: The 9-1-1 On Rooftop Solar
  • THE DAY BEFORE THAT

    WEEKEND VIDEOS, July 8-9:

  • Weekend Video: Bill Nye Science Guy On The Climate Crisis
  • Weekend Video: The Changes Causing The Crisis
  • Weekend Video: A “Massive Global Solar Boom” Now
  • THE LAST DAY UP HERE

    WEEKEND VIDEOS, July 1-2:

  • The Global New Energy Boom Accelerates
  • Ukraine Faces The Climate Crisis While Fighting To Survive
  • Texas Heat And Politics Of Denial
  • --------------------------

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    Founding Editor Herman K. Trabish

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    WEEKEND VIDEOS, June 17-18

  • Fixing The Power System
  • The Energy Storage Solution
  • New Energy Equity With Community Solar
  • Weekend Video: The Way Wind Can Help Win Wars
  • Weekend Video: New Support For Hydropower
  • Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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  • WEEKEND VIDEOS, August 24-26:
  • Happy One-Year Birthday, Inflation Reduction Act
  • The Virtual Power Plant Boom, Part 1
  • The Virtual Power Plant Boom, Part 2

    Friday, June 12, 2009

    HOMEOWNERS WANT NEWLY AFFORDABLE SUN

    U.S. demand for residential solar rising in '09
    Jon Hurdle, June 9, 2009 (Reuters)

    "U.S. demand for residential solar power installations is surging despite an economic recession, thanks to government financial incentives, some easing in credit availability, and increasing public recognition of its environmental benefits, industry executives said…

    "Companies represented at the PV America solar conference in Philadelphia said the volume of their installations as much as tripled in 2008 and they see further gains this year as more people recognize that they can cut their electricity bills by at least 15 percent…"


    click to enlarge

    "Geogenix LLC, a New Jersey-based residential solar company with 20 employees, installed about 150 systems in the first six years of its existence until 2008, and expects to do about that number this year alone…[The company expects to install] at least 300 systems in 2010 when it plans to expand…

    "Faced with a cost of about $50,000 for installation of a 7-kilowatt system on a typical 2,500-square-foot house, a New Jersey homeowner can defray the expense with a $12,500 rebate from the state and a federal tax credit of $11,000…After the first year, the homeowner can also expect a refund check for about $3,200 from the local utility…The owner can expect to save about $1,700 a year in electricity bills, and should recoup the initial investment within five to eight years…"


    With current subsidies it is now price competitive but the day is coming when it won't need subsidies. (click to enlarge)

    "According to…the Solar Energy Industries Association, there was an overall 16 percent increase in solar capacity, including commercial installations, in 2008…[T]he market has also been boosted by lower prices for solar panels due in part to an increase in the supply of the polysilicon…[and] the industry is benefiting from a cultural change that is more accepting of the need to find alternatives to fossil fuels…

    "Companies are also getting creative in bringing the upfront costs of solar power down for customers…[GroSolar is] providing financing to customers who are unable to front the $40,000-$50,000 price…[It] operates a lease program requiring a down payment of $1,000 and then regular monthly payments…In California, Arizona and Oregon, SolarCity installs systems without any down payment from the customer, who then pays a lease fee which typically ranges from $25 to $60 a month…The company owns and maintains the system but the homeowner benefits from the reduced utility bills…[and financing] has gotten easier for qualified borrowers since the first quarter of 2009…"

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